Asian hedge funds outperform their Japan peers for July

Asian hedge funds outperform their Japan peers for July

Global hedge funds finally reversed two consecutive months of declines by making positive returns in July, the HFRI Fund Weighted Composite Index gaining+1.82 per cent: up +1.52 per cent YTD. By comparison, the Eurekahedge Global Hedge Fund Index recorded a +1.42 per cent climb for July (+1.17 per cent YTD). Of note, its Asian Hedge Fund Index was up +1.85 per cent at the time of writing, eradicating some of this year’s loses to leave it -0.44 per cent YTD. July returns for the Asia ex-Japan HF Index were an impressive +3.56 per cent, but May’s catastrophe means that it remains the only regional index in the red at -0.14 per cent YTD. Interestingly, Hedge Fund Research has its Emerging Markets: Asia ex-Japan Index showing returns of +3.61 per cent, taking it into positive territory (+0.57%) YTD. According to Eurekahedge, Japan’s performance was rather more muted for July compared to the rest of Asia. Its Japan Hedge Fund Index recorded gains of +0.32 per cent. Nevertheless, with returns of +1.92 per cent this year it is still the strongest regional performer.